Jonah Cheng, founder of hedge fund Captain Global Fund, once called Nvidia the best stock pick in his career, but he has now emptied all of his holdings in the company. The former UBS analyst's tech fund had a 42% return last year. Cheng sold Nvidia shares in the first quarter of this year citing concerns over delays related to the GB200 cabinet. He pointed out that inventory risk, failure to improve profit predictions, and competition from customized chips are all reasons why he shunned the stock.

Jonah Cheng, founder of hedge fund Captain Global Fund, once called Nvidia the best stock pick in his career, but he has now emptied all of his holdings in the company. The former UBS analyst's tech fund had a 42% return last year. Cheng sold Nvidia shares in the first quarter of this year citing concerns over delays related to the GB200 cabinet. He pointed out that inventory risk, failure to improve profit predictions, and competition from customized chips are all reasons why he shunned the stock.